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Live Auction Of Approved Township Development, Boksburg, South Africa

Live Auction, Started: 11 Jun 2014 3:00 AM PST

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Duly instructed by Oosthuizen Development Group
Live auction of approved township development, Boksburg, South Africa which will provide approximately 2,600 residential development opportunities and many more business, hotel, hospital and other mixed use opportunities
Featuring:
Approved township development

General description
This large property is an Approved Mixed Use Township Development located on the periphery of Boksburg and opposite the entertainment precinct of Carnival City.
The approved township will provide approximately 2,600 residential opportunities between Residential 1 and Residential 3 zonings. Further allowance has been made for approved zoning of mixed use opportunities including; Business 2, Business 4, Special (Hotel), Public Open Space (Parks), Institutional (Hospital) and Cemetery.

Development progress to date:
• The township has been approved by the Ekurhuleni Metropolitan Municipality’s Development Facilitation Committee and the Record of Decision (ROD) has been approved and vested.
• The Dal Park Ext 17 has had extensive research carried out regarding the development of a mixed use township including a Geotechnical Report and a Heritage Impact Report conducted in 2006.
• The township has been supported by the Ekurhuleni Electricity and Energy Department, whilst the deposit to Eskom for bulk electricity services has already been paid.
• Additional municipal approvals given by various Ekurhuleni Municipal departments include authorisation from the Agriculture, Conservation and Environment, the Roads and Storm Water department, as well as the Water and Sanitation Department.
• Regarding the impact of vehicular traffic as a result of this mixed use development, a Road Network Study was approved in principal by the Ekurhuleni Municipality and subsequently a Traffic Impact Assessment (TIA) was approved by both the Ekurhuleni Municipality and SANRAL. In addition, the proposed road names for the township have also been accepted on municipal authority.

Locality
The subject property is situated within the suburb of Dalpark, Boksburg. Dalpark has over the past 10 years grown in size and offers numerous newly proclaimed township and suburb development including Carnival Green, Sonneveld and Helderwyk Villas.
Accessibility for the location is enhanced by the close lying proximity of the N17 National Road, whilst numerous other arterial roads are within a fair proximity. The property is located approximately 40 minutes driving distance from Sandton City whilst it is approximately 25 minutes from the Johannesburg CBD.

For locality of the property, click here
For directions for the auction venue, click here

Executive summary
  • Portion 46 and 58 of Farm 117 , IR
  • North Boundary Road (R554), Dalpark, Boksburg
  • Extent measuring: 469 ha
  • Further documentation regarding the township development and the progress thereof is available upon request. Kindly contact our offices for more information


    Auction notes:
    This sale is subject to 14% VAT on the purchase price
    Notice to purchasers:
    Buyers premium: 2.5%   Deposit of 10% and Buyer's Premium of 2.5% plus VAT immediately after the sale, balance of the purchase price on registration of transfer
    VAT/Tax: 14%
    Inspection details: For more information; kindly contact Donovan Dalton on 072 591 8882 or Luke Leyland on 084 924 4262
    Payment type: Wire Transfer
    Additional notes: This auction is governed by the Consumer Protection Act – Act 68 of 2008 (South Africa), and further reference to the Act and the regulations can be downloaded here.
    http://www.info.gov.za/view/DownloadFileAction?id=99961
    http://www.info.gov.za/view/DownloadFileAction?id=145412
    The Bidders attention is drawn to the following:
    • The Rules of Auction can be found under the downloadable documents tab
    • The property will be sold “Voetstoots” and on “AS IS – WHERE IS” condition. It is the buyer’s responsibility to perform an inspection of the property prior to the auction.
    • The Sale of the Property is non-suspensive and not subject to any feasibility or any other condition required by the buyer.
    The Sale by auction is subject to
    • A reserve or upset price
    • All prospective bidders must register prior to the auction and such registration requires proof of identity and residence (FICA) as contemplated in regulation 26;
    • R25 000 refundable deposit may be payable by a bank guaranteed cheque or Electronic Fund Transfer (EFT). Kindly provide proof of deposit.
    • The auctioneer may bid for any lot or lots offered for sale at the Auction on behalf of third parties
    • The Auctioneer may bid for any lot or lots offered for sale at the Auction on behalf of seller but, if on behalf of the seller, not at or in excess of the reserve price
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    Currency: South Africa Rand
    Auctioneer: GoIndustry DoveBid S.A. (Pty) Ltd.
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    Event Information
    Location: North Boundary Road (R554), Dalpark, Boksburg, Johannesburg
    Started: 11 Jun 2014 3:00 AM PST

    Contact Details
    Contact: Donovan Dalton
    Telephone: +27 72 591 8882
    Contact: Luke Leyland
    Telephone: +27 0849244292
    Shipping Information
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